city of centerville
TRANSCRIPT
2021 - 2025 ANNUAL BUDGET AND CAPITAL IMPROVEMENT PROGRAM
December 21, 2020
City of Centerville
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MISSION: The City of Centerville delivers exceptional services through thoughtful governance to ensure progress and stability.
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2020 SUMMARY PROJECTED
Beginning Balance (1/1/2020) $37,251,460
Revenue 51,120,909
Expenses (47,524,082)
Ending Balance (12/31/2020) $40,848,287
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2021 BUDGET SUMMARY
Beginning Balance (1/1/2021) $40,848,287
Revenue 47,195,117
Expenses (53,034,204)
Ending Balance (12/31/2021) $35,009,200
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ENDING FUND BALANCE
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
All Funds
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GENERAL FUND ENDING BALANCE
113.9%
83.1%76.4%
83.5% 84.3% 82.5%
0%
20%
40%
60%
80%
100%
120%
$0
$5
$10
$15
$20
$25
$30
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
General Fund
7Strategic Plan Goal: 3.3.1Target per Fund Balance Policy (ORD. 20-20) is 50%-100%
2021 Revenue8
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MAJOR REVENUE SOURCES: ALL FUNDS
General Fund2021 Budget Change from 2020 Budget
Income Tax $20,717,864 +2.30% Property Tax (Excluding TIF) 1,744,679 +4.80% Local Government Funding 345,000 -9.30% Investment Earnings 150,000 -50.00%
Other Funds Gas/Motor Vehicle Tax 1,509,800 -1.40% Yankee Trace 3,484,000 +2.00% Waste Collection Fees 1,416,000 +0.80%
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GENERAL FUND REVENUE SOURCES
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Income Tax 85%
Property Tax 7%
State Local Govt Funds
1%
Other 7%
SOURCES OF REVENUE:
INCOME TAXES
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INCOME TAX REVENUECONTINUED RELIANCE ON INCOME TAX REVENUE
80% 81%84% 85% 85% 84% 85% 85% 85% 85% 85%
60%
65%
70%
75%
80%
85%
90%
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Percent of Income Tax of Total General Fund Revenue
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Moraine 2.50%Oakwood * 2.50% Dayton 2.50%Huber Heights 2.25%Kettering 2.25% Miamisburg 2.25%Trotwood 2.25% West Carrollton 2.25%Centerville 2.25%Brookville * 2.00%Vandalia 2.00%Englewood 1.75%
Clayton* 1.50% Riverside* 1.50% Germantown* 1.25%Farmersville* 1.00%New Lebanon* 1.00%Union 1.00%
INCOME TAX RATE FOR MONTGOMERY COUNTY MUNICIPALITIES
* Municipalities that do not offer full tax credit.
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STATE THREATS TO THE LOCAL INCOME TAX
Centralized collection in Columbus- HB 49Reduces ability at the local level to collect taxes on a timely
basis, to pursue uncollected taxes, reporting analysis, and to ensure accuracy.
Ohio Supreme Court ruled the centralized collection of municipal net profits is constitutional.
Supreme Court also ruled that it is unconstitutional for the state to charge the 0.5% fee to the municipality to cover the State of Ohio’s administrative costs.
SB 352 and HB 754Would repeal Section 29 of HB 197, which allows municipalities
to collect income tax from the jurisdiction where the employer is located rather than an employee’s work-from-home location.
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SOURCES OF REVENUE: PROPERTY TAXES
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PROPERTY TAX REVENUE
$1.51 $1.52 $1.54 $1.61 $1.63 $1.66 $1.74 $1.76 $1.78 $1.80 $1.82
$0.0
$0.5
$1.0
$1.5
$2.0
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
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PROPERTY TAX RATES (IN MILLS) FOR MONTGOMERY COUNTY MUNICIPALITIES
New Lebanon 25.20Trotwood 23.80Union 23.53Clayton 13.78Farmersville 12.64Riverside 11.34Englewood 11.33Huber Heights 11.29 Oakwood 10.05Dayton 10.00
Germantown 7.66Miamisburg 7.03Kettering 6.67 West Carrollton 6.25Vandalia 4.14 Moraine 2.50 Centerville 2.35Brookville 1.30
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PROPERTY TAX DOLLAR
School District56.69%
County23.67%
CITY2.60%
CW Parks2.92% WC Library
3.06%
Washington Township11.06%
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2021 EXPENSES
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GENERAL FUNDREVENUE AND EXPENSES
$0
$5
$10
$15
$20
$25
$30
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
Revenues Expenses
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GENERAL FUND EXPENSE DISTRIBUTION BY DEPARTMENT (EXCLUDES TRANSFERS)
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Non-departmental: includes tax refunds, workers compensation, property insurance, and various partnerships.City Manager: includes the City Council, Clerk of Council, and City Manager’s Office.Finance: includes human resources, income tax, finance, and IT.Public Works: includes engineering and admin.Development: includes planning, economic development, building inspection, and code enforcement.Recreation: includes Benham’s Grove, Stubbs Park, and volunteer boards and commissions.
Police 50%
Non-Departmental 12%Public Works
9%
Finance/HR/IT 10%
City Manager/Legislative
5%
Development 6%
Recreation 4%
Other 4%
GENERAL FUND TRANSFERS
$10,176,206 (36.80% of total 2021 General Fund Budget)
Street Maintenance Fund- $1,900,000 Unvoted Debt- $65,570 Capital Improvements Fund- $7,500,000
($4.00 million in 2019; $6.00 million in 2020) Central Vehicle Purchase Fund- $200,000 Capital Equipment Purchase Fund - $450,000 Insurance Deductible Fund - $20,000 Cornerstone Park Maintenance Fund - $40,456
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POLICE23
POLICE EXPENSES
$6.8 $6.6 $6.8 $7.2 $7.5 $6.8$8.7 $8.7 $9.3 $9.1 $9.9
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
Actual Expenses
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POLICE EXPENSESAS A PERCENT OF GENERAL FUND
57% 56% 58% 58% 56%48% 50% 50% 54% 52% 54%
0%
10%
20%
30%
40%
50%
60%
70%
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Percent of General Fund (without transfers)
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BENHAM’S GROVE
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BENHAM’S GROVEREVENUE AND EXPENSES
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Thou
sand
s
Revenues Expenses
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WASTE COLLECTION
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WASTE COLLECTION FUNDREVENUE AND EXPENSES
$0.0
$0.4
$0.8
$1.2
$1.6
$2.0
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
Waste Collection Revenue Waste Co Expense
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YANKEE TRACE
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$1.98$2.03 $2.06 $2.03
$2.41
$2.21 $2.18 $2.20 $2.23 $2.25 $2.27
$2.13 $2.15 $2.19
$1.59$1.67
$1.77
$2.08 $2.12 $2.16 $2.20 $2.24
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
Revenue Expenses
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THE GOLF CLUB AT YANKEE TRACE
Fund Balance targeted at 25%, projected over 60% for 2021-2025
$1.46$1.6
$1.41
$1.27$1.21
$0.84
$1.27 $1.30$1.34 $1.37
$1.40$1.45 $1.42 $1.41
$1.22$1.25
$0.94
$1.34 $1.37 $1.40 $1.44
$1.47
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
2015 2016 2017 2018 2019 2020Proj.
2021Budget
2022Forecast
2023Forecast
2024Forecast
2025Forecast
Mill
ions
Revenue Expenses
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YANKEE TRACE FOOD AND BANQUET
YANKEE TRACE:A $326 MILLION DEVELOPMENT
Generates Annual Property Tax Revenue to…
Centerville Schools $5,856,353
Montgomery County 2,445,560
Washington Township 1,143,009
Washington-Centerville Library 315,666
Centerville-Washington Park District 301,991
City of Centerville 267,804
Total $10,330,383
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CAPITAL IMPROVEMENT PROGRAM
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2021 CAPITAL IMPROVEMENT PROGRAM
Streets and Sidewalks $ 6,809,267
Traffic Control 803,778
Land Acquisition 100,000
Buildings and Improvements 3,230,020
Vehicles and Equipment 1,597,025
Total $12,540,090
Funding from Other Sources ($1,092,555)
Net Cost to City $11,447,535
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Street and Sidewalk Repair $5,103,587
Uptown Improvements 400,000
Centerville Station Road Widening 475,000
Other 830,680
Total $6,809,267
Funding - Other Sources ($321,365)
Net Cost to City $6,487,902
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STREETS: MAJOR PROGRAMS (2021)
STREETS: REPAIR PROGRAM
$2.04$2.65
$4.16 $3.87
$5.27 $5.37 $5.03
$3.51$2.99
$3.91
$3.13
$0.0$0.5$1.0$1.5$2.0$2.5$3.0$3.5$4.0$4.5$5.0$5.5$6.0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Mill
ions
Budget
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2016-2020: 92.78 lane miles or 37.38%2021: 27.25 lane miles or 10.97%2022-2025: 13.8 lane miles or 5.56%
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Yankee Trace 2,579,725
Street/Refuse Vehicles 645,000
Public Works Building 400,000
Street Equipment 354,500
Police Building 321,320
Benham’s Grove 141,500
Municipal Building 110,000
IT Equipment 105,000
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OTHER CAPITAL PROJECTS
AWARDS
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AWARDS
Tree City USA 34th consecutive year Met the four standards to become
a Tree City USA Community: A tree board or department
A tree-care ordinance
An annual community forestry
budget of at least $2 per capita
An Arbor Day observance and
proclamation.
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AWARDS
Police Department
CALEA (Commission on Accreditationfor Law Enforcement Agencies)
100% accredited since 1989
Yankee Trace: Best of Dayton Award
#1 Golf Course in the Miami Valley for
15 of the past 16 years
Benham’s Grove: Best of Dayton Award –2020
Best Place to have a Wedding
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2020 RECAP
Steady income tax collections during the COVID-19 Pandemic No change to FY 2020 Operating Budget
Strategic/Financial Plan Achievements ERP Implementation (3.1.1)
New 5-year budgeting / forecasting (3.3.5)
New Budgetary Narratives (3.2.1)
New Fund Balance Policy (3.3.1)
Maintained Aa2 Bond Rating with Moody’s
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2021 GOALS
Increasing capital spending in the 5-year financial planUptown Centerville Yankee Street – Social Row Road Yankee Trace Clubhouse Patio
Key Performance Indicators (KPIs)Waste Collection RatesCost of Service Study - 2021
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2021 – 2025 ANNUAL BUDGET AND CAPITAL IMPROVEMENT PROGRAM
City of Centerville
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